If you are aware that the ip you are looking at is a bargain and would possibly be snapped up, I tend to pay asking price, also area has a lot to do with it as well… if it is a sellers market you will find that most agents will tell you that the vendor won’t negotiate.
the last property I purchased, the b/insp came back with a few tiny things…[Read more]

If you have the time, energy and persistance……..send one to me too….please

ljennaway@bigpond.com.au

ta

Mopsy[:X]

If you are on Centrelink sickness benefits you would be able to still get a loan if your serviceability was 70%. However, if at the proposed end of your sickness benefits it is replaced with social security, ie you dont go back to your former employer you would be struggling. But…. if your sickness benefit is a Workcover benefit meaning that…[Read more]

Being a reasonable distance to a major capital city is advantageous, plus there are the wineries with in easy driving distance. You will always have a rentable market… I would say, “go for it”

I have properties in a town that some people may not be interested in, but the properties have rented at $110.00 (pp $68,000.00) and the town is a…[Read more]

Thanks Kay
I tried to contact you, so was pleased that you were online and able to respond.

thanks
Lynette

Kay
can you email me at ljennaway@bigpond.com.au
need to ask some questions. Like your replies.

thanks
Lynette

I am single, and became “conventionally” unemployed but had business and rental history. However, my two banks of 20 yrs, refused an application and I received a loan for another investment property with a bank I had never dealt with which was Westpac. That was 7 years ago. I now deal with two banks and have an exceptional property…[Read more]

Why not just print out what you want?

Lynette

In qld I have an excellent solicitor who does my conveyancing for $375.00.
I am yet to find a satisfactory one in NSW, on average NSW is $700.00 – $1,000.00. I am trying a new one at moment and he seems amiable. You have to be able to communicate efficiently with same, and if you can’t do that … move on until you find one where your working…[Read more]

I have POSH (property owner software) the email help is not much help, as they take forever…like months to get back to you. I have a few gliches with the interest rate section.
The income and expenses section is a bit slow re; entering data and it doesn’t have an area “find transaction” which can be frustrating.
i keep a second backup entry…[Read more]

There is another way to renovate “now” and claim…later…..Case in point: I had purchased a property that had tenants from hell installed, subject to vacant possession…..I almost cried at the clean up…. so I just thought quick paint job, second hand carpet , lots of elbow grease, but… when trying to lift tiles in bathroom the floor fell…[Read more]

I have landlords insurance with Terri Scheer and Rent cover but it doesnt cover unrented periods, only loss of rent thru damage, or fire caused by tenants, unrented periods only due to damage etc.

You would have review rents if you had that many properties vacant at the same time. I have experienced one maybe vacant for a short time at the same…[Read more]

Forgot to mention, as a point of interest…….
my bank has changed it’s serviceability to 70%, plus they will only accept an annual valuation on properties, which you are stuck with for twelve months and will now only look at each property on its merits.
I manouvered a “total amount to borrow” figure before the interest rise, which is available…[Read more]

I have found over the last couple of months some exceptional bargains. But also some I wanted were snapped up before the ink was dry on the sale add. I had started to buy “high end” properties but the rental return is not equivalent to a number of “low to medium” properties. I fixed 8 ip before the rise, left 3 which have now gone up to 6.45%.…[Read more]